Regulatory
in sentence
1413 examples of Regulatory in a sentence
Especially for “platform” markets, where companies exploit earlier investment to ensure entry elsewhere, this means that delays caused by unjustified
regulatory
restrictions can have a more profound negative effect, preventing potentially successful companies from entering the market.
As the only entity that integrates central banks, supervisors, treasuries of major economies, and international standard-setting bodies, the FSB is uniquely positioned to set priorities on financial regulation, provide
regulatory
coherence across the financial sector, oversee consistent implementation, and, in conjunction with the International Monetary Fund, to assess systemic vulnerabilities.
But, while it should identify
regulatory
gaps and encourage more proactive work by the various standard-setting bodies, it should not take on daily operational responsibilities.
Effective execution of such an ambitious mandate is particularly important in view of two emerging G-20 priorities for the FSB:
regulatory
initiatives with respect to the functioning of markets, including so-called “shadow banking” (the less regulated forms of private financing), and new mechanisms to foster consistent implementation of standards.
The Cannes Summit should articulate a renewed commitment to consistent implementation of agreed
regulatory
reforms, and to minimizing divergence in national regulation that could create systemic risks or significant competitive advantage.
Of course, if history is any indication, the shift from a dirigiste state to a
regulatory
one will not be easy.
In any case, the
regulatory
status quo – which will condemn Arab youth to unemployment and disenfranchisement – is not an option.
This is all the more true at a time when tech giants like Facebook, Amazon, Tencent, and Alibaba – with matchmaking-based business models turbo-boosted by digital technology – are propelling a shift toward “ultra-concentration.”In this context, building a dynamic private sector capable of providing opportunities to the Arab world’s young workers will require even more vigilant and effective regulators, operating within a smart
regulatory
framework that addresses issues relating to the collection and use of data.
An emphasis on investment protection could establish de facto international standards that ensure legal security for investors while providing sufficient scope for governments’ legitimate
regulatory
interests.
Building independent, non-partisan
regulatory
bodies was one of the key pillars of the 2001-2002 reform program.
But these reforms have been rolled back recently, with independent
regulatory
authorities again coming under the control of government ministries (though it seems that the central bank has retained much of its autonomy).
In short, the new
regulatory
philosophy replaces the illusion that banks can safely be left to manage their risks with the illusion that regulators will do it for them.
Indeed, a key challenge in financing infrastructure investment in emerging economies is that many of the commercial banks (mainly European) that had a significant presence in the past have withdrawn – and are unlikely to return until they repair their crisis-hit balance sheets and build capital to meet strengthened
regulatory
standards.
Doing so will also require ensuring appropriate governance, predictable pricing structures, and a credible
regulatory
environment.
Meanwhile, political leaders gradually developed
regulatory
and trade regimes that eliminated tariffs, simplified border crossings, and opened exciting new markets.
And, as recent European post-crisis experience has shown, it is politically very difficult to carry out structural reforms when vested interests have captured the
regulatory
system.
To bolster employment in services, China’s government must loosen its
regulatory
grip, ease barriers to entry in branches like telecommunications, and encourage labor mobility.
They update their
regulatory
thinking with what they see, and what they see looks stable.
Indeed, there is a cycle in
regulatory
confidence.
The problem has been solved, the industry argues, and further
regulatory
tightening will harm the economy.
As the recovery continues and the memory of the financial crisis grows faint, the appetite for
regulatory
change dissipates.
For example, because many view the Lehman Brothers collapse as sparking, or exacerbating, the financial crisis, much of the
regulatory
focus has been on developing the means to handle the failure of a similarly large financial firm.
New
regulatory
authority from Congress has encouraged the view that regulators will soon be able to handle a Lehman-size failure smoothly.
If this cycle is even approximately right,
regulatory
fatigue from battling to make finance safer will soon turn into
regulatory
confidence that the last war has now been won.
Free the RegulatorsCorporate accounting scandals - indeed, the economic history of the last decade - demonstrate that global financial markets need politically independent
regulatory
agencies.
The succession of financial crises that stained the 1990s had many and varied causes, but dysfunctional
regulatory
arrangements usually aggravated the effects.
Just as an independent central bank helps the private sector take long-term decisions based on a clear and stable set of rules, so an independent financial sector regulator can ensure that the rules of the
regulatory
game are applied consistently over time.
However, independence for
regulatory
agencies should not mean the absence of any democratic oversight whatsoever.
Moreover, the independence of bank supervision typically lags behind central bank independence, and the overall
regulatory
framework for other financial services, notably insurance, is often even weaker.
The trend in many countries towards unification of supervisory functions should be regarded as a golden opportunity to strengthen as well as to harmonize
regulatory
arrangements throughout their financial sectors.
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